Category: Exchanges

Singapore crypto exchange freezes withdrawals

boss

Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.” In what appears to be a run on the crypto bank, the group intends to “apply to the Singapore courts for a moratorium,” as Vauld customers have tried to withdraw an “excess of a $197.7 million since 12 June 2022.” The decision to suspend withdrawals is a screeching U-turn. Reportedly, Vauld boasted $1 billion assets under management in May this year,…

Crypto Exchange Voyager Halts Trading, Deposits and Withdrawals, Citing Debt Failure From Three Arrows Capital

boss

Crypto exchange platform Voyager Digital is announcing a halt on all trades, deposits and withdrawals after one prominent borrower failed to repay its debt. Voyager CEO Stephen Ehrlich says that the crypto exchange had to stop trading activities due to the failure of an embattled digital asset hedge fund to pay back a “substantial” loan. “Today we made the difficult decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards. We have taken steps to avoid this outcome – including securing a credit facility from Alameda and lowering daily withdrawal…

SIX Swiss Exchange Reports Trading Turnover of CHF 97.8 Billion in June

boss

Yesterday, the SIX Swiss Exchange posted its trading metrics for June 2022. During the mentioned period, the platform witnessed a dip in trading turnover as the number reached CHF 97.8 billion, which is 10.7% lower compared to the prior month. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The total number of trades stood at 4,919,123, down by almost 10.6% compared to May 2022. According to the details published by the SIX…

Cryptocurrency Deleveraging is Bitter Medicine

boss

Nansen report suggests that one-way bullish bets and numerous levels of hypothecation of cryptocurrencies used in decentralized finance led to the contagion from the fallout of TerraUSD and Luna.  Complete unwinding of leverage and counterparty failure will take weeks if not months to trickle through the entire cryptocurrency ecosystem. A recent report published by blockchain analytics company Nansen.ai has started to shed light onto possible reasons that led to the fall of some of the biggest crypto firms such as lender Celsius Network and hedge fund Three Arrows Capital. According…

Coinbase Crypto Exchange Selling Transaction Tracing Data to U.S. Immigration and Customs Enforcement: Report

boss

Top US crypto exchange Coinbase is licensing software that aggregates information about blockchain transactions to a federal law enforcement agency. According to a new report by The Intercept, the Homeland Security Investigations wing of Immigration and Customs Enforcement (ICE) has purchased a software tool called Coinbase Tracer, available for both government and private sector clients. The original contract dates back to August of last year, but only recently did Jack Poulson of the Tech Inquiry watchdog organization gain access to the details through a Freedom of Information Act (FOIA) request.…

Swappi (PPI) Announces First Exchange Listing on BitMart

boss

July 1, 2022 – New York, New York PPI, the native token of Swappi, is now available for trading on global crypto exchange BitMart. Swappi, an AMM-based decentralized exchange (DEX) deployed on Conflux eSpace, today announced its first exchange listing on BitMart. Swappi’s native token PPI is now available for trading on BitMart, a leading crypto exchange with millions of users globally. As the first exchange to list Swappi, BitMart lets users trade the PPI/USDT pair. Swappi was the first DEX to launch on eSpace, an EVM-compatible smart contract execution environment…

EU agrees to deal on landmark MiCA cryptocurrency regulation

boss

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers and member states hammered out a deal in Brussels after hours of negotiations. The move came a day after the three main EU institutions finalized measures aimed at stamping out money laundering in crypto. The…

New spot Bitcoin ETF launched at Euronext Amsterdam Exchange

boss

Major Dutch stock exchange Euronext Amsterdam, a part of the pan-European marketplace Euronext, is debuting its first Bitcoin (BTC) exchange-traded fund (ETF). Jacobi Asset Management, a London-based digital asset management platform, is preparing to launch its Jacobi Bitcoin ETF on Euronext Amsterdam next month, the firm announced on Thursday. The spot Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN. The Jacobi Bitcoin ETF is positioned as the first spot Bitcoin ETF launched in Europe, Jacobi founder and CEO Jamie Khurshid told Cointelegraph. “Our product is the first…